at current price and difficulty, is bitcoin mining profitable with consumer-level asics?

Apr 27, 2014 · 7:49 PM UTC

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@sama @pmarca why not? if price goes up a lot should be workable. also, what will this mean for transaction costs?
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Replying to @sama
Good question: "@sama: at current price and difficulty, is bitcoin mining profitable with consumer-level asics?”
Replying to @sama
@sama last time I've checked there is some heavy investment in mining facilities in China.
Replying to @pmarca
@pmarca Mining sucks either: race to the bottom, Alice-in-Wonderland scenario. Equilibrium aside, have to go up or down the stack. @sama
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Replying to @sama
@sama news.ycombinator.com/item?id…
Replying to @sama
@sama this graph helps: blockchain.info/charts/miner…
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Replying to @sama
@sama & this: blockchain.info/charts/miner…